The Federal Government has shed light on how its Renewed Hope Housing Programme stands apart from past housing projects, promising that this time, ordinary Nigerians will feel the real impact.
Unlike earlier initiatives that were often small, scattered, and delivered only a few hundred homes over many years, the new programme is designed to have a broad national reach — covering every region, every state, and even every local government area.
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What Makes It Different?
According to the Minister of Housing and Urban Development, Ahmed Dangiwa, the difference is in both scale and ambition.
Large-Scale Communities: Instead of isolated schemes, the new approach is building entire communities with supporting infrastructure, catering to high-income earners, the middle class, and especially low-income Nigerians.
Innovative Financing: In the past, housing projects relied heavily on government budgets, which slowed progress. This time, the government has adopted Public-Private Partnerships (PPPs) and blended financing models, mobilising over ₦70 billion in private capital.
Transparency & Accessibility: Nigerians can now apply online through the new Digital Housing Portal—a first in Nigeria’s history. No middlemen. No gatekeepers. Just a fair and technology-driven process.
Affordable Ownership: For the first time, homeownership is being unlocked for everyday Nigerians through single-digit interest mortgages, rent-to-own schemes with zero down payments, and repayment periods of up to 30 years via the Federal Mortgage Bank of Nigeria (FMBN).
Results So Far
In just two years, the programme has already broken ground on over 10,000 housing units—far surpassing previous efforts that delivered only about 3,500 units in eight years.
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The government says housing is not just about shelter but also about wealth creation, job opportunities, and social stability. The Renewed Hope Housing Programme, they argue, is proof of what can happen when vision, innovation, and transparency come together.
What This Means for Developers and Agents
With the government creating wider access to homeownership and affordable housing, the demand for quality, accessible homes is rising faster than ever.
This is where Krent becomes your partner.
If you’re a property developer or agent, Krent gives you a platform to:
✅ List your properties — whether completed or off-plan
✅ Reach verified renters and buyers actively searching for homes
✅ Enjoy safe processes — from listings to payments and tenant verification
✅ Boost visibility for your properties with our growing user base
As more Nigerians gain access to mortgages, rent-to-own schemes, and government-backed housing opportunities, the market is expanding. With Krent, your properties don’t just sit idle — they get seen, trusted, and chosen.
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